Although direct impacts to the U.S. East Coast aren't expected, North Carolina officials aren't taking any chances.

In the late evening of August 17, 1969, Hurricane Camille hit the Gulf Coast. It was a category 5 hurricane, with sustained wins of 175 miles per hour.

Not a magic wand, but it may just be the missing link for sophisticated investors who want structure without straitjackets and flexibility without fiscal frustration, the author writes ...